LONDON, Sept. 12, 2023 /PRNewswire/ -- Over a quarter (29%) of European organisations are unable to fully utilise data within their organisation due to challenges with data security, according to an IDC InfoBrief sponsored by Immuta.
This data security "gap" is a result of organisations grappling with increasingly complex IT and data infrastructures internally, leading to huge siloes of sensitive data. Businesses must manage this alongside the external risk of rising cyber attacks in Europe: 58% of UK organisations experienced an increase in cyber attacks in the last 12 months, followed by 49% in DACH and 47% in the Nordics.
According to insights from 108 European organisations, data security is rising rapidly to the top of the CEO's agenda: 45% will prioritise spend on data security, risk and compliance this year to enable trustworthy data collaboration and sharing, followed by workplace solutions (36%), application development and deployment platforms (35%), infrastructure and operations (33%) and automation technologies (31%).
Organisations must also address a new blind spot caused by shadow data - a side effect of data sprawl in the cloud - with only 42% of European businesses selecting "confident" or "highly confident" in their ability to discover and classify sensitive data, both known and unknown, in the public cloud.
Meanwhile, evolving privacy regulations are creating tension between digital innovation and data sovereignty: only 15% of organisations in Europe are highly confident in their ability to discover and classify sensitive data in order to protect it. Additionally, when managing compliance with GDPR, the biggest challenges facing organisations stem from identifying and mapping personal data (41%), creating data protection by design (40%), data retention and deletion (38%) and data security (35%).
In the UK, organisations cited working from home and hybrid work as the top operational security priority for 2023, followed by cyber resilience of systems and data privacy and regulatory compliance. 58% described their organisation as "confident" or "highly confident" in its ability to discover and classify sensitive data, both known and unknown, in the public cloud - a significant increase on the European average (42%). 56% of UK organisations will expand or upgrade technology related to data access and governance in the next 12 months.
"The reality is that organisations are typically operating with data spread across multiple platforms and locations, all whilst navigating a rapidly evolving privacy and regulatory landscape," said Colin Mitchell, General Manager, Immuta. "Data is a critical asset for organisations, enabling collaboration, innovation and informing decisions. However, as data usage increases, businesses need to manage unauthorised access, breaches and misuse. This creates a complex dynamic between data utility — the usefulness and accessibility of data — and the security and compliance measures in place to protect data from risks."
Looking ahead, organisations are exploring ways to build trust in data by streamlining their security operations and rationalise their existing security tool environment: 49% of respondents all working within security plan to expand or upgrade implementation of data access controls in the next 12 months. Nearly a third of European organisations (32%) also intend to increase spend on data discovery and classification to overcome challenges of complexity.
The IDC InfoBrief sets out how convergence to a data security platform enhances sensitive data protection across hybrid multicloud environments while enabling authorised users to effectively utilise the data for business purposes. The full findings of the IDC Data Security Infobrief can be found here.
About ImmutaImmuta enables organisations to unlock value from their cloud data by protecting it and providing secure access. The Immuta Data Security Platform provides sensitive data discovery, security and access control, data activity monitoring, and has deep integrations with the leading cloud data platforms. Immuta is now trusted by Fortune 500 companies and government agencies around the world to secure their data. Founded in 2015, Immuta is headquartered in Boston, MA. To learn more about Immuta, click here.